(Reuters) - British software firm Fidessa ( FDSA.L ) postponed an imminent shareholder vote on whether to back a 1.4 billion pound ($2 billion) takeover bid from Switzerland’s Temenos ( TEMN.S ), saying it might receive two more offers.
Fidessa said in a statement that it had received approaches “from two separate third parties who are each considering making an offer for Fidessa at a premium to the Temenos offer.”
One of the potential new offers would be at a 5 percent premium to banking software supplier Temenos’s cash bid, it said. It did not disclose details of the other ...

(Reuters) - Everyone knows Tesla is run by Elon Musk, the visionary CEO who is synonymous with his company. Tesla has acknowledged as much in public filings that described the company as “highly dependent on the services of Elon Musk.” Musk himself called Tesla “my company” in a 2016 conference call with analysts, and he’s claimed publicly that if he had not taken on the CEO job, the company would not have survived...

LONDON, AMSTERDAM (Reuters) - Activist investor CIAM has criticized plans by Dutch food and retail group Ahold Delhaize ( AD.AS ) to renew a governance structure that it said acts as a “poison pill” to potential suitors and has served to keep its share price depressed. FILE PHOTO: Ahold Delhaize CEO Dick Boer at the Ahold Delhaize headquarters in Zaanstad, Netherlands, December 5, 2017...

(Reuters) - U.S. cosmetics maker Avon Products Inc ( AVP.N ) has reached an agreement with Barington Capital to nominate the investor’s chief executive officer, James Mitarotonda, to its board in exchange for avoiding a proxy contest, a filing on Monday showed...

LONDON (Reuters) - The Royal Bank of Scotland ( RBS.L ) will allow a shareholder vote on whether to give retail investors more power over the British state-backed lender, ceding to a demand from shareholder groups that had fought for this since 2016. Royal Bank of Scotland signs are seen at a branch of the bank, in London, Britain December 1, 2017...

(Reuters) - Activist investor Elliott proposed to oust the French chairman of Telecom Italia (TIM) ( TLIT.MI ) and install leaders of Italy’s corporate establishment on the board as part of an intensifying campaign to force a shakeup at the former state phone monopoly...

FRANKFURT (Reuters) - Top managers at Deutsche Bank will forego their annual bonuses, CEO John Cryan said, after coming under fire for awarding big incentive payouts even though Germany’s largest bank lost money last year. Deutsche Bank building before the bank's annual news conference in Frankfurt, Germany, February 2, 2018...

LONDON (Reuters) - Asset manager State Street Global Advisors ( STT.N ), said it will pressure companies to provide more data about the number of women employed at all levels of management and will push for greater diversity at board level. The investor, one of the world’s largest with $2.8 trillion in assets under management, said it plans to begin screening European firms in the STOXX 600 and FTSE 350 .FTLC that it invests in and engaging with them over diversity...

(Reuters) - Walt Disney Co said on Thursday its shareholders elected ten members to its board, but rejected executive compensation. In a non-binding vote, 52 percent of the shareholders voted against a compensation proposal...

STOCKHOLM (Reuters) - Truckmaker AB Volvo ( VOLVb.ST ) is dropping the head of Geely-owned ( 0175.HK ) Volvo Cars from its board because of competition concerns after the Chinese group took an almost 10 percent stake in rival Daimler ( DAIGn.DE ). Volvo Cars is a subsidiary of Zheijang Geely Holding Group Co whose main owner is Li Shufu. It was announced on Friday that Li, Geely’s founder, had built up an almost 10 percent stake in Daimler...

BOSTON (Reuters) - Activist investor Barington Capital is pushing restaurant group Bloomin’ Brands Inc. to spin off three smaller brands into a new company, cut costs and improve diners’ experiences to boost a flagging share price which it believes could double...

(Reuters) - U.S. respiratory drug company Innoviva Inc has reached a settlement with activist hedge fund Sarissa Capital Management LP to replace its board of directors and remove the threat of a new proxy contest, people familiar with the matter said on Monday...

(Reuters) - Rent-A-Center Inc said on Monday it will nominate an independent director, recommended by activist investor Engaged Capital, to the rent-to-own furniture retailer’s board. Shares of the company, which has been under pressure from activist hedge funds Engaged Capital and Marcato Capital, fell 2.2 percent to $9.53 in afternoon trading...

ZURICH (Reuters) - Activist hedge fund investor Elliott Management Corp. has trimmed its stake in Swiss duty-free retailer Dufry AG in December to less than 1 percent, the SIX Swiss Stock Exchange reported over the weekend. The stock had risen more than 10 percent from when Reuters reported Elliott’s 5.6 percent holding on Dec. 20 until late January, before shedding much of that gain in recent trading...

Toshiba Corp is considering an IPO of its prized memory chip business if an agreed $18 billion sale to a Bain Capital-led consortium fails to gain antitrust approval by the end of March, the Financial Times reported on Monday. The IPO is one of various contingency plans being looked at by Toshiba’s top executives, the FT said, citing people familiar with the plans...

LONDON (Reuters) - GKN ( GKN.L ) faces pressure to open takeover talks with suitor Melrose Industries ( MRON.L ) from U.S. activist investor Elliott, which disclosed a stake in the British engineering company just days after it rejected a 7 billion pound ($9.66 billion) bid. Elliott, a hedge fund with a track record of intervening in takeovers, said on Monday that it holds a 1.7 percent interest in GKN through contracts-for-difference (CfDs)...

(Reuters) - Citigroup Inc ( C.N ) will increase compensation for women and minorities to bridge pay gaps in the United States, the United Kingdom and Germany, as part of its annual pay process this year, the Wall Street bank said on Monday. Citi said it had conducted a survey in the three countries, where it found that women and minorities are paid slightly less than men and non-minorities, respectively...